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Frost & Sullivan: Li-ion battery materials market to reach $51.60B by 2027 from $18.75B in 2020; 15.6% CAGR

Green Car Congress

Frost & Sullivan projects that the global Li-ion battery materials market will reach $51.60 The advancements in battery chemistries and technologies, upsurge in electric vehicle (EV) sales, evolving regulatory scenario, and increasing consumer preferences toward EVs are expediting market growth worldwide. billion by 2027 from $18.75

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Ford sources battery capacity and raw materials for 600K EV annual run rate by late 2023, 2M by end of 2026; adding LFP

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Ford expects a compound annual growth rate for EVs to exceed 90% through 2026, more than double forecasted global industry growth. The company detailed its global vehicle portfolio plans supporting these production goals as part of its Ford+ plan. Driving to more than 2 million EVs by late 2026.

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Opel introducing new 1.6L SIDI engine with start-stop system; 3 new engine generations over next 12 months part of major turnaround plan

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GM Opel’s aim is to take an industry lead, not just with fuel consumption and emissions but also with specific torque and noise reduction. Production at the Szentgotthardt plant in Hungary will begin in late 2012. Export initiative: Opel wants to enter new markets, including Australia, North Africa, South America and the Middle East.

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Bosch supplying factory equipment for battery production; €250M business by 2025

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—Rolf Najork, the member of the Bosch board of management responsible for industrial technology. Forecasts say that demand for lithium-ion batteries will rise from around 200 GWh in 2019 to more than 2,000 GWh by 2030 (source: BMWi, 2021). Our assumption is that the global battery market will grow up to 25 percent each year.

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Ford will use module-less LFP batteries from CATL

Push EVs

Ford expects a compound annual growth rate for EVs to exceed 90% through 2026, more than double forecasted global industry growth. Ford and CATL – the world’s largest battery producer – have signed a separate non-binding MOU to explore a cooperation for supplying batteries in Ford’s markets across China, Europe and North America.

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China’s battery supply chain tops BNEF ranking for third consecutive time; Canada close 2nd, US drops to 3rd

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Published at the BNEF Summit Bali , the ranking sees Canada rise to the second spot this year, which reflects its large raw material resources and mining activity, as well as its good positioning in environmental, social and governance factors (ESG) and infrastructure, innovation, and industry.

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